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US Kitchen Organizers Market

US Kitchen Organizers Market

Dublin, March 08, 2024 (GLOBE NEWSWIRE) — The “US Kitchen Organizers Market – Focused Insights 2024-2029” report has been added to ResearchAndMarkets.com’s offering.

The U.S. kitchen organizer market was valued at USD 20.29 billion in 2023 and is expected to reach a value of $23.59 billion by 2029, growing at a CAGR of 2.54% from 2023 to 2029

Increasing Demand for Hospitality Industry: The demand from the hospitality industry is one of the major drivers in the U.S. kitchen organizer due to various reasons, including rising short-term stays, growth in vacation rentals, focus on amenities & guest experience, emphasis on cleanliness & hygiene, rising differentiation & competition, and demand for sustainable practices.

The rise of platforms like Vrbo and Airbnb led to a surge in vacation rentals. Such properties have smaller kitchens, considering the requirement for space-saving and efficient organization solutions. It creates demand for versatile and compact organizers, which can enhance guest experience by maximizing storage capacity. In hotels & restaurants, there is a significant demand for kitchen organizers in the U.S. In 2022, the hotel occupancy rate increased by 9% in the U.S., per the American Hotel & Lodging Association. This drives the demand for kitchen organizers in the U.S. during the forecast period.

Rising Focus on Home Improvement Activities: The rising focus on home improvement activities is one of the major drivers in the U.S. kitchen organizer market due to various reasons, including increased home value, increased disposable income, enhanced efficiency & functionality, space utilization & optimization, and rising demand for personalization. As people spend more time at home, they spend more on home improvement activities.

As per the Joint Center for Housing Studies of Harvard University, the amount paid by Americans on residential repair and renovation exceeds $500 billion per year. The trend of making organized kitchens is rising in home-improved activities. It increases the value of homes. Many homeowners do the implementation and designing of their kitchens with the help of creative ideas and readily available organizers. This drives the demand for kitchen organizers in the U.S. during the forecast period.

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The U.S. kitchen organizer market report contains exclusive data on 32 vendors. Jones Plastic and Engineering Company, LLC, Knape & Vogt, Neighborly, Inc., Newell Brands, The Container Store, and The Home Depot are the leading players with intense market penetration. Established brands in the kitchen organizers market are known for offering durable and affordable organizers with various essential organizers to space optimization solutions. They offer high-quality and innovative solutions to cater to premium and mid-range segments.

THE U.S. KITCHEN ORGANIZER MARKET INSIGHTS

• The drawers, upper & lower cabinet organizers segment is growing significantly with the fastest CAGR of 2.75% during the forecast period. The segment is growing significantly due to an increased focus on kitchen organization, the rising popularity of pull-out shelves increased disposable income, and the demand for space optimization solutions.

• Wood is a valuable and fastest-growing material segment in the U.S. market. The wood material is seeing incremental growth due to its sustainable qualities, durability, and unique aesthetic appeal. Wood is relatively affordable as compared to metal. Thus, it is an ideal choice for budget-conscious consumers. If a wood-based product is maintained correctly, it will last many years. It can be blended with other materials to add a modern touch.

• The residential sector in the end-user segment dominates the U.S. kitchen organizer market with more than 75% market share. The people in the U.S. have more money to spend on home improvement projects. The preference for customization is growing significantly in kitchen organizers such as pull-out shelves, pantry organizers, etc. They are investing in long-lasting kitchen organizers that suit their existing kitchen design. This drives the demand for kitchen organizers in the U.S. market during the forecast period.

• By distribution segment, the online stores are seeing prominent growth, with the highest CAGR of 3.54% during the forecast period. The market is seeing major growth because online stores offer kitchen organizers at discounted prices with a wide range of products. Budget-conscious customers get reasonably priced products due to promotional deals and price wars. Thus, the preference for buying kitchen organizers at online stores is growing.

KEY QUESTIONS ANSWERED

• How big is the U.S. kitchen organizer market?

• What is the growth rate of the U.S. kitchen organizer market?

• What are the key drivers in the U.S. kitchen organizer market?

• Who are the key players in the U.S. kitchen organizer market?

Key Attributes:

VENDORS LIST

Key Vendors

Other Prominent Vendors

• Closet Maid

• Hafele

• Helen of Troy Limited

• Honey Can Do International, Inc.

• Kitchen Magic

• Blum Inc.

• mDesign

• Simplehuman

• Spectrum Diversified Designs

• Sterilite

• California Closets

• Enclume Design Products

• Flywell International Corp.

• Home Centric

• iDesign

• IKEA

• Kittrich Corporation

• Kessebohmer Clever Storage

• Kitchen Wise

• MUJI

• Neat Method

• SALICE

• SpaceAid

• Umbra

• Yamazaki Home

• YouCopia

SEGMENTATION & FORECAST

Product Market Insights (2023-2029)

Material Insights (2023-2029)

End-User Market Insights (2023-2029)

Distribution Channel Market Insights (2023-2029)

For more information about this report visit https://www.researchandmarkets.com/r/hiqt20

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